Salem Media Group Welcomes New Directors for Future Growth

Salem Media Group Expands Leadership with New Board Appointments

Salem Media Group, Inc. (OTCQX: SALM) is excited to announce the addition of Richard von Gnechten and Jim Renacci to its Board of Directors. These appointments come as part of the company’s strategic growth initiatives aimed at strengthening its leadership and enhancing its commitment to delivering outstanding Christian and conservative content.

Expertise of Richard von Gnechten

Richard von Gnechten brings a wealth of experience to his new role on the Board. Currently serving as the Chief Operating Officer and Chief Gift Strategist at WaterStone, he is dedicated to guiding Christian leaders as they pursue their divine missions.

With nearly three decades of experience, Mr. von Gnechten has held senior financial roles across various sectors including financial services, energy, healthcare, and non-profit organizations. His extensive background enables him to contribute valuable insights into the financial health and strategic direction of Salem Media Group.

Previously, Mr. von Gnechten significantly increased the assets under management at a registered investment advisor from $400 million to an impressive $1.2 billion. His capabilities encompass corporate finance, capital-raising efforts, and strategic planning, making him a significant asset to the Board.

A Strong Track Record in Financial Management

Mr. von Gnechten's experience extends beyond investment advisory services. He has excelled as CFO at a large diversified public company and has marked success in turning around struggling healthcare businesses. His leadership in installing Employee Stock Ownership Plans (ESOPs) lends an additional layer of expertise to his role.

Commitment to Community and Education

Notably, he has devoted years to serving on various boards, including two Christian schools. His commitment to education is reflected in his experience as an adjunct faculty member, teaching courses on Investment and Strategic Planning. His dedication to community service is evident through his participation as a deacon and Sunday School teacher.

Mr. von Gnechten holds an MBA from Dartmouth’s Tuck School of Business and has graduated from Stanford’s Financial Management Program. He and his wife, Denice, are proud parents and grandparents, enjoying time spent with their three adult children and six grandchildren.

Jim Renacci: A Diverse Background in Leadership

Jim Renacci joins the Board with a robust background in business and public service. With a Bachelor of Science in Business Administration, he has over 30 years of diverse business experience as an entrepreneur and former U.S. Congressman.

Renacci's political career saw him serving on important committees such as Ways and Means, Financial Services, and Budget. While being Vice Chairman of the Banking Subcommittee, he was influential in crafting critical legislation, including the 2017 Tax Cuts and Jobs Act.

A Proven Entrepreneurial Spirit

Renacci is recognized for his entrepreneurial success, having owned over 60 businesses and created more than 1,500 jobs across multiple industries. His expertise spans healthcare, manufacturing, entertainment, and even CPA consulting services, showcasing his versatility and strength as a leader.

Impact in the Business Community

These new appointments come at a pivotal time as Salem Media Group seeks to amplify its presence in multimedia, focusing on radio and digital content specifically tailored for Christian and conservative audiences. Renacci’s extensive experience will be instrumental as the company navigates the evolving landscape.

Salem Media Group has established itself as a leading voice in multimedia content, reaching millions of audiences nationwide through its unique blend of radio, digital media, publishing, and engaging commentary.

Looking Forward: Salem Media Group's Vision

The appointments of Richard von Gnechten and Jim Renacci reflect Salem Media Group’s commitment to evolving its leadership for future growth. With their combined expertise in financial management, public service, business innovation, and community engagement, the company is poised to enhance its strategic initiatives and achieve new milestones.

Ultimately, Salem Media Group’s mission remains centered around serving its audience with top-quality content that resonates with their values and beliefs. The inclusion of these seasoned professionals on the Board signals a bright future as they aim to advance the company's goals and foster deeper connections with their communities.

Frequently Asked Questions

Who has been appointed to Salem Media Group's Board of Directors?

Richard von Gnechten and Jim Renacci have been appointed to the Board of Directors of Salem Media Group.

What experience does Richard von Gnechten bring?

Mr. von Gnechten brings nearly 30 years of financial executive experience across various industries, including healthcare and financial services.

What is Jim Renacci known for in his career?

Jim Renacci is known for his successful entrepreneurial background and for serving as a U.S. Congressman, where he was involved in significant legislation.

What is Salem Media Group's focus?

The company focuses on producing Christian and conservative multimedia content, including radio, digital media, and publishing.

How can I learn more about Salem Media Group?

You can find more information about Salem Media Group by visiting their official website.

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